Issuance of ATM/Debit Card to SB Accounts self operated by Minors beyond the age of 10 years: Department of Posts Order

Issuance of ATM/Debit Card to SB Accounts self operated by Minors beyond the age of 10 years - Reg : Department of Posts Order.

Mandatory use of Savings Account for credit of maturity/premature value monthly/quarterly/yearly interest in case of MIS/SCSS/TD accounts and investments from 1st December 2017 - Addendum III

Mandatory use of Savings Account for credit of maturity/premature value monthly/quarterly/yearly interest in case of MIS/SCSS/TD accounts and investments from 1st December 2017 - Addendum III
Date extended to 01.04.2018 

Postal Savings Bank Interest Rate – 01/01/2018 to 31/03/2018 - Ready Reckoner


SB Order No.19/2017-Revision of interest rates of Small Savings Schemes

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Government launch New Savings Scheme - 7.75% Savings (Taxable) Bonds, 2018

SB Order 16/2017 : Inclusion of Aadhaar in respect of Small Savings Scheme - Addendum

Finacle Overview

The word "Finacle" is collection of two words "Finance" and "Oracle" hence the name "Finacle" originated. 

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Finacle package , for banking solution developed by Indian Technology Corporation Infosys in the year 1999 it has undergone many versions after introduction presently the version of Finacle package is 10+ 
Many Indian banks and all over the world also using Finacle package as a banking solution as it is highly flexible. Finacle core banking solution is a comprehensive,integrated,yet modular and agile business solution,addressing all the core needs of the banks,in easy to configure modules. 
Some Important Features of Finacle:- 

Finacle facilitates anywhere banking. Finacle uses Relational Database Management System(RDBMS) of Oracle. Finacle is accessed Browser Based Universal Client i.e., Internet Explorer. It used SQL @ PL/SQL for generating the MIS reports from the Central Server. As this is menu driven package,it is very much easy for navigation. It also provides the features such as Customization and Parameterization. Finacle provides multi-lingual support and multi-level security i.e, operation and database. 

Advantages of Finacle:- 

It provides a centralized server hence the name core banking. It provides multi level security i.e., Robust Security. It provides multiple channels for transactions i.e., ATM's,Internet banking,Mobile banking,Green Channels,ECS,Biometric authentication etc. Eases the operation cost. Reduces the deployment and maintenance costs hence reduces the cost. Also it also eases the operating procure for working staff.

New Interest Rates - Deposit period - KVP16 patch deployed in DOP Finacle

Image result for dop finacle
Dear Sir/Madam,
I am directed to convey the following
Patch for Change of deposit period to 118 months for KVP16 accounts from 1st JAN 2018 has been deployed.

POs may be instructed accordingly.

Thanks and Regards
Gopinath S
Inspector Posts
DMCC
Chennai 600 002

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